When most individuals hear “Binance,” they instantly consider crypto buying and selling, tokens, and digital wallets. Binance is making information in Mexico, however with one thing totally different, and it isn’t solely about crypto.
The corporate has arrange Medá, a licensed IFPE (Digital Cost Funds Establishment) in Mexico.
What’s Medá?
Medá is a Mexican fintech agency established by Binance to course of fiat transactions in Mexican pesos. It’s an interface between the true cash (pesos) and the net area. Medá is extra of a monetary service supplier. Its main goal is to help the inhabitants in depositing and withdrawing pesos.
Binance introduces Medá, a certified Digital Cost Funds Establishment (IFPE) in Mexico, as a part of a deliberate funding of multiple billion pesos ($53 million) over 4 years. Medá will present fiat deposit and withdrawal companies. https://t.co/sFKPbMulqs
— Wu Blockchain (@WuBlockchain) September 1, 2025
Mexicans can now switch cash out and in of Binance with much less dependence on cumbersome third-party cost apps. Meda is a registered and licensed firm in Mexico, and it might probably function inside the monetary laws of the nation.
Key Options of Medá
- Regulatory approval: Medá is formally registered and monitored by Mexico’s monetary authorities.
- Impartial Progress: Meda will likely be an unbiased enterprise that may develop as a neighborhood fintech firm however will serve Binance customers.
- Fiat-to-Crypto Bridge: It permits one to alternate pesos and cryptocurrencies to realize extra flexibility.
In the present day marks a milestone for Binance! We’re proud to introduce IFPE Medá, our new regulated channel devoted to Mexico 🇲🇽 .
With a deliberate funding exceeding 1 billion Mexican pesos (US$53 million), this entity represents a big step towards establishing Mexico as a… pic.twitter.com/SmRCtG2OXi
— Richard Teng (@_RichardTeng) September 1, 2025
- Higher Accessibility: Mexicans can now switch pesos out and in of Binance with out utilizing cumbersome third-party companies.
- Higher Compliance: Getting permission to function in Mexico means Binance is right here to remain.
- Regional Progress: Latin America is changing into a hub for digital finance.
We’re excited to introduce IFPE Medá, Binance’s new channel devoted to Mexico! 🇲🇽
With a deliberate funding of over 1 billion Mexican pesos (US $53 million), this entity represents a significant regulatory milestone for Binance and goals to place Mexico as a number one tech… pic.twitter.com/vgb7Gw3dvt
— Binance (@binance) September 1, 2025
With Meda, Binance is displaying that crypto and conventional finance can coexist. Binance has invested $50 million, gained regulatory approval, and launched peso companies. These steps present its dedication to shaping the way forward for digital finance in Mexico and past.
Disclaimer
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